Nisa Investment Advisors LLC Boosts Holdings in TE Connectivity Ltd. (NYSE:TEL)

Nisa Investment Advisors LLC increased its holdings in TE Connectivity Ltd. (NYSE:TEL) by 39.2% during the third quarter, Holdings Channel reports. The firm owned 93,360 shares of the electronics maker’s stock after acquiring an additional 26,270 shares during the quarter. Nisa Investment Advisors LLC’s holdings in TE Connectivity were worth $14,096,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its holdings in TE Connectivity by 54.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,596,370 shares of the electronics maker’s stock worth $2,265,218,000 after purchasing an additional 5,526,230 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of TE Connectivity by 26.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,280,632 shares of the electronics maker’s stock worth $944,791,000 after acquiring an additional 1,304,199 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of TE Connectivity by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,118,636 shares of the electronics maker’s stock worth $469,113,000 after acquiring an additional 223,842 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of TE Connectivity by 9.3% during the 1st quarter. Pzena Investment Management LLC now owns 2,798,532 shares of the electronics maker’s stock valued at $406,459,000 after acquiring an additional 238,370 shares during the last quarter. Finally, First Pacific Advisors LP grew its holdings in shares of TE Connectivity by 0.4% in the first quarter. First Pacific Advisors LP now owns 2,776,505 shares of the electronics maker’s stock valued at $403,260,000 after purchasing an additional 10,167 shares in the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on TEL. Robert W. Baird increased their price objective on shares of TE Connectivity from $162.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. StockNews.com began coverage on shares of TE Connectivity in a report on Wednesday, October 23rd. They issued a “buy” rating for the company. Wolfe Research raised TE Connectivity from a “peer perform” rating to an “outperform” rating in a research note on Thursday, September 5th. Wells Fargo & Company lowered their price objective on TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating for the company in a research note on Friday, September 20th. Finally, Vertical Research initiated coverage on TE Connectivity in a research report on Tuesday, July 23rd. They set a “hold” rating and a $155.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $161.82.

TE Connectivity Stock Performance

TEL stock opened at $152.64 on Wednesday. TE Connectivity Ltd. has a twelve month low of $115.16 and a twelve month high of $159.98. The firm has a market cap of $46.74 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 1.92 and a beta of 1.33. The business’s fifty day simple moving average is $148.08 and its two-hundred day simple moving average is $148.37. The company has a quick ratio of 0.99, a current ratio of 1.51 and a debt-to-equity ratio of 0.23.

TE Connectivity Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.